SHARE
Facebook X Pinterest WhatsApp

NetApp Terminates its Bid for Data Domain

In the end, cash proved a formidable foe. Nearly two months after making a splash with plans to acquire Data Domain, NetApp has terminated the merger agreement, not willing to get into a further bidding battle with storage rival EMC. The final blow? EMC, which has been locked in a bidding tug-of-war to buy the […]

Written By
thumbnail Carolyn April
Carolyn April
Jul 8, 2009
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

In the end, cash proved a formidable foe.

Nearly two months after making a splash with plans to acquire Data Domain, NetApp has terminated the merger agreement, not willing to get into a further bidding battle with storage rival EMC.

The final blow? EMC, which has been locked in a bidding tug-of-war to buy the coveted deduplication vendor since NetApp first went public with its plans, upped its all-cash bid by 11 percent this week in an aggressive last-ditch effort to thwart what had seemed a done deal for NetApp.

NetApp’s offer was part cash, part stock and after consideration, the company decided it wasn’t going to take things to the next level.

“While NetApp’s acquisition of Data Domain would have produced benefits for customers and employees and complemented NetApp’s existing growth trajectory, we remain highly confident in our already compelling strategic plan, market opportunities, and competitive strengths,” said Dan Warmenhoven, NetApp’s chairman and CEO, in a statement released late Wednesday. “NetApp applies a disciplined approach to acquisitions, one focused intently on creating long-term value for our stockholders. We therefore cannot justify engaging in an increasingly expensive and dilutive bidding war that would diminish the deal’s strategic and financial benefits.”

NetApp received a $57 million break-up fee from Data Domain as a result of the terminated agreement.




Click here to recap the NetApp-Data Domain-EMC acquisition saga from the beginning

 

Recommended for you...

Manny Rivelo on Evolving Channel & How MSPs Can Get Ahead
Victoria Durgin
Aug 20, 2025
Databricks Raises at $100B+ Valuation on AI Momentum
Allison Francis
Aug 20, 2025
Keepit Achieves SOC 2 Type 1 & Canadian Ingram Micro Deal
Jordan Smith
Aug 20, 2025
AI Customer Service Fails to Satisfy Consumer Needs: Verizon
Franklin Okeke
Aug 19, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.